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Notcoin (NOT) Faces 32.68% Trading Volume Slump But Maintains Slight 0.60% 24-hour Gain; What’s Next?

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Notcoin (NOT) Faces 32.68% Trading Volume Slump But Maintains Slight 0.60% 24-hour Gain; What’s Next?

The cryptocurrency market has been experiencing a period of negative sentiment, with the leading digital asset, Bitcoin, recording a 2.94% decline in the last 7 days. This overall bearish trend has also impacted the performance of Notcoin (NOT), the token that has been the focus of attention in the past few days.

Notcoin’s Trading Volume and Market Cap

In the past 24 hours, Notcoin’s trading volume has dropped by 32.68%, currently at $502,366,483. Meanwhile, the token’s market capitalization is currently at $1,630,312,187, reflecting the overall market conditions.

Source: NOT 24-hour Chart (CMC)

Notcoin started the week positively, with green candles indicating an upward trend. However, the weekend proved to be an eventful period for the token, as it saw a remarkable 87% rise from Friday to Sunday, jumping from $0.00912 to $0.1764. However, This sharp increase was met with resistance, and the price dropped by 20%.

Technical Analysis and Support Levels

The 100 exponential moving average (EMA) provided a strong support level to prevent a further decline for Notcoin. Currently, the token is trading at $0.01588 and again faces resistance, with the 20 EMA offering support to the price.

Related article: Price Analysis: 1.51% Price Dip for JasmyCoin in 24 Hours Sparks Concerns, but Long-Term Potential Remains

Notcoin’s All-Time High and Low

Notcoin’s all-time high price was $0.02836 on June 2nd, 2024. However, the token currently trades 43.62% lower than its all-time high. In contrast, the all-time low price for Notcoin was $0.004611 on May 24th, 2024, and the current price is 246.80% higher than this.

Despite the overall bearish sentiment in the cryptocurrency market, Notcoin has outperformed the global market in the last 7 days, with a price increase of 22.60%, while the market has declined by 3.40%.

Notcoin’s Community and Partnerships

Notcoin’s project has been actively working to build a strong community. Over 200 projects have already launched on the platform, attracting participation from 22.5 million users. The project’s use of the Play-to-Earn formula has helped it build a community of 40 million players. Additionally, Notcoin recently partnered with Helika Gaming to launch the Telegram Gaming Accelerator, further expanding its ecosystem.

Notcoin’s performance in the past 24 hours has been mixed. There was a significant drop in trading volume but a continued upward trend in price, outpacing the broader cryptocurrency market. The token’s technical indicators and community-driven initiatives may continue to garner attention and potentially see further price appreciation soon.

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